MTY Food Group Responds to Recent Statements in the Media

Executive Summary

• MTY Food Group’s Board has launched a strategic review and engaged a financial advisor to evaluate all potential strategic alternatives, including a possible sale of the company or parts thereof.
• The review is intended to enhance shareholder value; no assurance that any transaction will occur.
• The Company will not provide further comment unless required by law or appropriate disclosure.

Key Details

• Initiation of a formal strategic review process by the Board of Directors.
• Engagement of an external financial advisor to identify, review, and evaluate potential alternatives.
• Alternatives under consideration include:
• Sale of all or part of MTY Food Group.
• Continuation of the current business plan without a transaction.
• No guarantee that any transaction will be completed; the Company may remain private or pursue other options.
• The Company will refrain from additional comments unless further disclosure becomes appropriate or legally required.

Notable Quotes

• “The Board has initiated a strategic review process and engaged a financial advisor to explore all alternatives with a view toward enhancing shareholder value.” – Statement from MTY Food Group press release.